Looking to balance out your exposure to COLL? The ETFs below have historically moved differently from COLL, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for COLL
2 ETFs have low correlation with COLL (below 0.3), 1 of which are negatively correlated. The least correlated is VanEck Semiconductor ETF (SMH) (Semiconductors) with a 1Y correlation of -0.02, down from 0.18 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| VanEck Semiconductor ETF | -0.02 | 0.10 | 0.18 | 87 | Semiconductors, Technology Equities | COLL vs SMH | |
| State Street SPDR S&P 500 ETF | 0.13 | 0.23 | 0.27 | 71 | S&P 500 | COLL vs SPY | |
| SPDR S&P Biotech ETF | 0.31 | 0.31 | 0.37 | 93 | Health & Biotech Equities | COLL vs XBI |
Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for COLL, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Petróleo Brasileiro S.A. - Petrobras (PBR) (Energy) with a 1Y correlation of -0.15, down from 0.04 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Petróleo Brasileiro S.A. - Petrobras | -0.15 | -0.01 | 0.04 | 79 | Energy | |
| Apache Corporation | -0.12 | 0.07 | 0.13 | 87 | Energy | |
| CrowdStrike Holdings, Inc. | -0.07 | 0.04 | 0.13 | 84 | Technology | |
| Argan, Inc. | -0.01 | 0.11 | 0.15 | 91 | Industrials | |
| Adeia Inc | 0.03 | 0.20 | 0.23 | 91 | Technology |
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